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Day: April 13, 2022
A Pastry Denounces Coinbase’s Listing Process
Crypto exchange Coinbase has generated controversy due to its listing process. The platform recently posted a list of possible projects to include which, according to pseudonym user PastryETH, makes some wonder if Coinbase is “willfully ignorant, or intentionally deceiving?”. Related Reading | Arthur Hayes’ Crystal Ball Predicts: Bitcoin And Ethereum To See Carnage In June Some of the projects were created before 2020 and have a dubious reputation. Amongst these tokens is Big Data Protocol (BDP), Pastry said. This project managed to attract over $6 billion in total value locked (TVL)…
Wikimedia community supports proposal to stop foundation from accepting crypto donations
Requests for comments on a proposal urging the Wikimedia Foundation to stop accepting donations in cryptocurrency have closed, with the majority of users voting in favor. According to a Tuesday update on the proposal, roughly 71%, or 232 out of 326, Wikimedia contributors who responded requested that the Wikimedia Foundation — the nonprofit that hosts Wikipedia — stop accepting cryptocurrency donations. The arguments in favor of the proposition included environmental concerns surrounding Bitcoin (BTC) transactions and “the risk to the movement’s reputation for accepting cryptocurrencies.” The community first opened the…
Fed’s Secret Repo Loans to Megabanks in 2020 Eclipsed 2008 Bailouts, Data Dump Shows $48 Trillion in Stealth Funding – Bitcoin News
Following the controversial bank bailouts and Troubled Asset Relief Program (TARP) in 2008, reports show in late 2019 and 2020, the U.S. Federal Reserve participated in providing trillions of dollars in secret repo loans to megabanks. At the end of March, investigative journalists, Pam and Russ Martens from Wall Street on Parade, uncovered $3.84 trillion in stealth repo loans from the Fed to the French financial institution, BNP Paribas in Q1 2020. Additional data indicates that the U.S. central bank leveraged secret repo loans to provide a whopping $48 trillion…
Binance’s NFT head adopted this implementation model during the platform’s creation
Attending and reporting from the two-day Paris Blockchain Week Summit (PBWS), Cointelegraph’s managing editor, Alex Cohen sat down with Helen Hai, head of Binance’s NFT platform for a candid discussion on the early inspirations for their NFT platform, as well as her vision for regulatory communication, among other topics. Citing the methods in which the Asian economy capitalized on the growth potential within the second industrial revolution by driving job creation for the lower and middle classes, Hai stated that the internet era — typically referenced as Web2 — was…
Bitcoin Price Prediction and trading analysis. BTC crypto and where I see bitcoin reversal points
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Dozens of VIP backers invest $87M into crypto payment startup MoonPay
In November 2021, MoonPay announced a $555 million Series A financing round that brought the crypto payment platform’s valuation to $3.4 billion. On Wednesday, the fintech company revealed that $87 million of the total $555 million came collectively from more than 60 public figures and celebrities in the music, sports, media and entertainment industries. While the Series A round was led by firms like Tiger Global Management and Coatue with participation from Blossom Capital, Thrive Capital, Paradigm and NEA, the following household names are also considered strategic investors: Gwyneth Paltrow,…
China-based regulatory and trade associations target NFTs in latest risk notice
The China Banking Association, the China Internet Finance Association and the Securities Association of China issued a joint statement warning the public about the “hidden risks” of investing in nonfungible tokens, or NFTs. In a Wednesday notice, the three associations launched initiatives aimed at encouraging innovation in the crypto and blockchain space focused on NFTs as well as “resolutely curb[ing] the tendency of NFT financialization and securitization” to reduce the risks around illicit activities. The China Banking Association said member institutions should not consider NFTs assets like securities, precious metals,…
Buyer of ‘Jack Dorsey Tweet’ NFT Is Out of Prison and Under Fire From Investors
Sina Estavi says he’s trying to make it right with holders of BRG, the token that crashed after his arrest in Iran last year. Investors have their doubts. Source
Market Wrap: Cryptos Rise as Bitcoin Returns Above $40K
Bitcoin (BTC) returned above $40K on Wednesday, shaking off some bearish sentiment over the past few days. Altcoins outperformed, although indicators suggests cryptos are not at a cycle low just yet. Original